Investors Watch These Stocks Prior to Earnings

Denbury Resources, Inc.(NYSE:DNR) will unveil its latest earnings on Thursday, February 23, 2012. The average estimate of analysts is for net income of 33 cents per share, a rise of 50% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 27 cents. Between one and three months ago, the average estimate moved up. It has risen from 31 cents during the last month. Analysts are projecting profit to rise by 114.5% versus last year to $1.33.

The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with profit of 37 cents per share against the mean estimate of 29 cents. In the prior quarter, the company reported net income of 36 cents. Analysts predict a rise of 11.6% in revenue from the year-earlier quarter to $579.1 million.

Competitors to Watch: QR Energy LP (NYSE:QRE), Swift Energy Company (NYSE:SFY), Carrizo Oil & Gas, Inc. (NASDAQ:CRZO), Crimson Exploration Inc. (NASDAQ:CXPO), South Texas Oil Company (STXXQ), GeoMet, Inc. (NASDAQ:GMET), Penn Virginia Corporation (NYSE:PVA), Evolution Petroleum Corp. (AMEX:EPM), Constellation Energy Partners LLC (NYSE:CEP), and Lucas Energy, Inc. (AMEX:LEI).

Parker Drilling Company (NYSE:PKD) will unveil its latest earnings on Thursday, February 23, 2012. The average analyst estimate is for profit of 16 cents per share, a rise of 1500% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 17 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 16 cents during the last month. For the year, analysts are projecting net income of 50 cents per share, a rise of more than sixfold from last year.

Last quarter, the company beat estimates by 5 cents, coming in at profit of 18 cents per share against an estimate of net income of. The company also topped expectations in the second quarter. Analysts predict a rise of 5.4% in revenue from the year-earlier quarter to $182.7 million.

Competitors to Watch: Pioneer Drilling Company (AMEX:PDC), Rowan Companies, Inc. (NYSE:RDC), Pride International, Inc. (NYSE:PDE), Helmerich & Payne, Inc. (NYSE:HP), Atwood Oceanics, Inc. (NYSE:ATW), Patterson-UTI Energy, Inc. (NASDAQ:PTEN), Allis-Chalmers Energy Inc. (NYSE:ALY), Hercules Offshore, Inc. (NASDAQ:HERO), Vantage Drilling Company (AMEX:VTG), and Seahawk Drilling, Inc. (NASDAQ:HAWK).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com